RE: Spacewalk8 Aug 2022 22:34
Ok so I didn’t manage to stay away for long – I hate you all (joke) for dragging me back in. Thank you for all your kindcomments.
What I find so frustrating on most BBs is having to trawl through loads of posts that just are of nonsense or repetitious complaining posts which are a waste of time for everyone. Negative posts are as important as positive ones as something could be learnt or debated and counter argued. Although I do realise there are those out there who simply just want to disrupt for whatever reason – a social behaviour I will never understand but hey ho. So I apologise for throwing my toys out.
Today has seen a flurry of negative posts which may or may not be from genuine shareholders but I thought I would at least respond as the general topic of all the posts is about Satoshipays unspectacular history. So firstly I agree. To date Satoshipay has simply not lived up to its promise and has not produced. Fact. So I understand people having little faith for the future.
In mitigation since the birth of the internet Micropayments were heralded as the holy grail and back in 2015 it wasn’t only Satoshipay and BLU that believed that. There was a huge hype of micropayment being the next big thing and many other fintechs invested heavily as well, but the concept simply didn’t take off. But Satoshipay technology was good, the idea was good, but as with many tech ideas for various reasons they just don’t take off. Anyone here who has been invested since those days will, I assume be fully aware of the issues reasons and problems that encountered micropayments in general. For what its worth I actually believe that now the digital assets ecosystem is entering the critical mass stage, Micropayments could well have the last laugh in the coming years.
So why should this incarnation be different? I think Ive posted enough on the subject already without repeating myself, but only to say that firstly the Stellar foundation chose Satoshipay to investigate the develop the Pendulum concept, following that they raised 5mUSD from VCs to develop Pendulum and I am reliably/unreliably informed more VC investment is likely in the near future. They have been granted WEB3 developer status and received a WEB3 grant to develop Spacewalk, and finally they have received a Berkley Blockchain Xcelefrator grant for further development. All these foundations are far better qualified to make a verdict on Satoshipay than I am. As for the concept – if anyone read my post a few days ago regarding the WEB3 comments it is quite clear that those that understand the digital asset ecosystem seem to think its worth putting their money where their mouth is. As one of BLUs largest shareholders recently stated only time will tell who is right.
Lastly Daniel Masters input has been questioned. I would argue that it is Daniel Masters influence that has set Satoshipay on its current development trajectory, backed up by his further investment at PEN pre-sale
Just my
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